SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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ALLEGED INDICTMENT OF DCP ABBA KYARI: INSPECTOR-GENERAL OF POLICE ORDERS A REVIEW OF THE INFORMATION.{PHOTO}.#PRESS RELEASE.

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 PRESS RELEASE


ALLEGED INDICTMENT OF DCP ABBA KYARI: INSPECTOR-GENERAL OF POLICE ORDERS A REVIEW OF THE INFORMATION

Sequel to the receipt of allegations and indictment processes from the Federal Bureau of Investigation (FBI) against one of the personnel of the Nigeria Police Force, DCP Abba Kyari, the Inspector General of Police IGP Usman Alkali Baba psc (+), NPM, fdc has ordered an internal review of the allegations.

The Nigeria Police Force reaffirms its commitment to the pursuit of justice and the strengthening of its professional relationship with the FBI and other international partners.

Further developments on this case will be communicated to members of the public accordingly.


CP FRANK MBA

FORCE PUBLIC RELATIONS OFFICER

FORCE HEADQUARTERS

ABUJA

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